The Bush Savings Plan

Studies | Taxes

No. 152
Tuesday, May 01, 1990
by Aldona Robbins and Gary Robbins

Almost everyone agrees that the current method of taxing capital gains is harmful and unfair. Although personal income tax rates are inflation-indexed, there is no similar protection for people who make long-term investments. The holder of an asset can face substantial taxes if inflation causes an increase in the asset's price, even though the real value of the asset may not have changed.

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